When you’re searching for the best auto insurance policies online, it can be difficult to keep all the details of what you need straight. There’s countless companies all claiming to offer you “their best deal” — so how does one decide which company and policy to go with?
To start, it helps to have a good understanding of the policy coverage you want for your vehicle. Without an idea of what you need, it’s impossible to know if one company is offering a better deal than the other, or vice versa. Know your desired deductible amount, whether you want comprehensive coverage or just no-fault personal injury protection coverage, and all the details that might save you money on your policy: such as anti-theft devices, vehicle safety features and if it will be garage-kept or not.
Once you have a specific idea of the auto insurance you need, you can start to compare auto insurance quotes online. And when you do, be sure to pay attention to these three key things.
Identical Coverage Comparing
The easiest way to get the best price on your auto insurance policy is to compare identical coverage plans among different companies. If you have really good health insurance, you might want to skip personal injury protection. If you drive an older car, you probably don’t need collision insurance. Once you know all the details you want in a policy, use a policy quote site like CoverHound to quickly compare auto insurance quotes. Follow the prompts to input basic information about what you have and need, and get four competitive quotes in just a few minutes.
Know Your Discounts
Insurance companies offer many discounts rewarding safety and good behavior in thinking a more responsible person driving a safer vehicle has a much lower statistical chance of making a claim on their policy. If you already have renters, homeowners or life insurance with another company, it’s worth looking into the savings that policy bundling can bring. As mentioned above, vehicle safety features like anti-theft devices and anti-locking brakes will also net you some savings. Then there’s the deductible. If you want a cheaper auto policy, raise your deductible. Yes, you’ll have to pay more out of pocket if you make a claim, but it’ll cut down on your monthly, quarterly or annual policy cost tremendously. Overall, nothing equates to better auto insurance discounts more than having a good driving record.
The Company Reputation
When you’re shopping for the best auto insurance policies online, you of course want great prices and coverage. However, price shouldn’t be your sole determining factor. Ideally you want a company with minimal customer complaints to go along with great coverage and prices. Genuinely ask yourself which is more important: a slightly better price, or a company who has your best interests at heart? You don’t want to be just another number to your insurance company; you want to be viewed as a person, a person who needs coverage to be secure in their day-to-day life driving an automobile. Also be sure to check up on the insurance company’s financial health. Even though there’s an insurance guaranty fund to pay claims if your company goes under, an insurance company’s financial standing is still something to be aware of. Use sites like A.M. Best Ratings to compare the financial health of insurance companies across the nation, in addition to other metrics.
It’s about time shopping for insurance wasn’t such a drag. Keep these three things in mind the next time you search for a new auto insurance policy.